Amer Haleem, Country Manager, Productized Services, Hay Group, remarked "This year's compensation study predicts the pay raise to be more or less the same or slightly lower than last year. At this point, the general market can expect the median salary increase and salary hike figure to stay between 10-11 percent." 

The report also unfolds the fact that companies are taking steps to differentiate between high, average and low performers. Within last 4-5 years, there hasn’t been much change in the incremental percentage, but rather the overall percentage. “The increment grids have a broader range spread, which directly brings the focus on the differentiation in rewards, for different levels of performance. Variable pay plans for many organizations have been modified to lay emphasis on organization performance. Organization weightage has a key role to play at senior and middle management and it also cascades down to junior management," adds Amer. 

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